Photo: Nigerian Railway Corporation train — Wikimedia Commons
The House of Representatives Public Accounts Committee has grilled the Managing Director of the Nigerian Railway Corporation, Dr Kayode Opeifa, over audit queries totalling about 12.91 billion naira in the Auditor-General's 2023 report.
Opeifa appeared before the committee at an investigative hearing in Abuja on Monday, presided over by the committee's Deputy Chairman, Jeremiah Umaru. The committee is chaired by Bamidele Salam.
The largest single query — 6.62 billion naira — concerns transfers to the corporation's outstations. The other queries cover discrepancies in internally generated revenue and under-remittance of revenue to the Consolidated Revenue Fund.
- Three audit queries in total, drawn from the Auditor-General's report for 2023
- Largest query: 6.62 billion naira in transfers to outstations
- Other queries: internally generated revenue discrepancies and under-remittance to the Consolidated Revenue Fund
Why the committee is pressing the NRC
Public Accounts Committee hearings are the National Assembly's main tool for enforcing answers on audit queries raised against ministries, departments and agencies. The committee warned the corporation of sanctions if the queries are not satisfactorily answered.
The railway corporation sits at the centre of the federal government's rail revival programme, which has seen sustained public spending on standard-gauge lines and station operations — making the handling of its internally generated revenue a recurring subject of legislative scrutiny.
What happens next
The committee is expected to issue its findings and any directives after reviewing the corporation's responses to the three queries. NTN will follow the committee's report when it is laid before the House.
Credit: Punch, November 9–10, 2026.
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